Embark and Mazars consolidate employee benefits businesses

The newly combined business will be owned 51% by Embark and 49% by Mazars and, as such, will be consolidated into the Embark Group. The joint venture will be directly led by Embark chief executive Phil Smith (pictured) and Mazars partner Lorraine Olley. Vested will offer workplace savings, flexible benefits, financial wellness and employee engagement, with solutions offered digitally where possible. The target market will be small and medium-sized UK corporates, with 100 to 750 employees, which the group feels may have been poorly serviced by the traditional players and where "small e...